Privacy policy

At NGL Ventures, protecting your privacy is very important to us. The purpose of this Privacy Policy is to make NGL Ventures safe and appropriate for everyone and inform the customers (“you”) of their rights. NGL Ventures provides community and software platform to learn about startup investing and governance (“Services”). Our Privacy Policy applies to your use of NGL Ventures Services and describes the kind of information we process, how it is processed and why.
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NGL Ventures is a corporation whose legal name is NGL Ventures, UAB with an address at A. Goštauto g. 40B, LT-03163 Vilnius (“NGL Ventures”).

To the extent EU data protection laws are applied to our Processing of Customer Data, we act as the Controller.

1. Definitions

1.1. "Controller" means an entity that determines the purposes and means of the Processing of Personal Data.

1.2. "Customer" means a person or entity that is registered with NGL Ventures to use the Services.

1.3. “Data Subject” means a natural person whose Personal Data NGL Ventures is Processing.

1.4. "Data Protection Laws" means all data protection and privacy laws and regulations of the EU, EEA and their member states, Switzerland and the United Kingdom, applicable to the Processing of Personal Data.

1.5. "GDPR" means the Regulation (EU) 2016/679 of the European Parliament and the Council of 27 April 2016 on the protection of natural persons with regard to the Processing of Personal Data and on the free movement of such data and repealing Directive 95/46/EC (General Data Protection Regulation).

1.6. "Personal Data" means any information relating to an identified or identifiable natural person.

1.7. "Processing" means any operation or set of operations which is performed upon Personal Data, whether or not by automatic means, such as collection, recording, organization, storage, adaptation or alteration, retrieval, consultation, use, disclosure by transmission, dissemination or otherwise making available, alignment or combination, blocking, erasure or destruction. "Process", "Processes" and "Processed" shall be interpreted accordingly.

1.8. "Services" means any product or service provided by NGL Ventures pursuant to Terms of Use ("Terms").

1.10. “We”, “us”, and “our” refer to the NGL Ventures.

1.11. "You," "your," and "yours" refer to the user.

2. Consent

By accessing our Services, you accept our Privacy Policy and Terms, and you consent to our collection, storage, use and disclosure of your personal information as described in this Privacy Policy. In addition, by using our Services you are accepting the policies and practices described in this Privacy Policy. Each time you visit our website or the Service, and any time you voluntarily provide us with information, you agree that you are consenting to our collection, use, and disclosure of the information that you provide, and you are consenting to receive emails or otherwise be contacted, as described in this Privacy Policy. Whether or not you register or create an account with us, this Privacy Policy applies to all users of the website and the Services.

3. What information we Process

3.1. NGL Ventures collects both “Personal Data” and “Non-Personal Data” from you and will Process this data for the duration of the Services, as described in the Terms:

3.1.1. Personal Data:

- Customers’ information: identification and contact data (name, surname, contact details (email)); IT information (IP addresses, usage data, cookies data, online navigation data, location data, browser data); and

- Data Subject information: any information which the Customer will upload to NGL Ventures and/or provide to NGL Ventures by any other means.
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At any time, you may log in and change this information, or remove it. You may decline to provide Personal Data to the Services, however, some of the Personal Data we ask you to provide, for example, an email address, is mandatory for the Service. If you decline to provide it, we may not be able to provide that Service to you.

3.1.2. Non-Personal Data:

- Browser and device information: location, device type, model, number, type of browser or operating system, the time and date of access, browsing activity, screen resolution, plug-ins, add-ons and the version of the Services you are using, and other information that does not personally identify you; and

- Information from your use of the Services and information from other sources: we may receive information about how and when you use the Services, store it in log files, or other types of files associated with your account and link it to other information we collect about you. Also, we may obtain information about you or your Data Subjects from third party sources, such as public databases, social media platforms, third-party data providers, and our joint marketing partners. This information may include, for example, time, date, browser used, demographic information, device information (such as device type, model, number, type of browser or operating system, IP addresses), location and online behavioral data (such as information about your use of social media websites, page view information and search results and links), actions you have taken, anonymous usage data, referring/exit pages and URLs, preferences you submit and preferences that are generated based on the data you submit and the number of clicks.

4. Purposes of collecting and Processing Personal Data

4.1. NGL Ventures uses collected information for the operation of the Services, to maintain the quality of the Service, to promote and analyze the Services, to provide customer support and send information about the Services, to protect the rights and safety of Customers, Data Subjects, third-parties and our own, to send customized informational or promotional content and provide suggestions according to marketing preferences, to ensure observance of our Terms and meet the legal requirements, to verify identity and provided information, manage payments, to understand demographics, Customer interests and needs, and other trends among users, and for other business purposes.

4.2. We may combine Personal Data with other information we Process to customize informational content and enhance our ability to provide Services according to marketing preferences, restrictions or for advertising, targeting purposes or to develop and provide you with more relevant products and features in accordance with this Privacy Policy.

5. How we collect your information

5.1. Data provided by our Customers: Customers may import into the Services Personal Data they have collected from their Data Subjects or other individuals. We have no direct relationship with Customers’ Data Subjects or any individuals other than our Customers. Our Processing of Personal Data is based on the data subject freely giving consent and Customers are responsible for making sure they have the necessary permissions for us to Process Personal Data about Data Subjects or other individuals.

5.2. Tracking technologies: in connection with the performance of the Services, NGL Ventures uses:

- Cookies: Cookies are tiny files of data that a website transfers to your computer's hard disk for record-keeping purposes. Most web browsers are set to accept cookies, but you can change this in your browser settings. However, if you do not accept cookies, you may not be able to use all of NGL Ventures functionality. We use cookies to improve your experience and by collecting this data, we can store information so that you don’t have to re-enter it every time you visit NGL Ventures. We also use it for ​​security and compliance and to monitor visitor metrics to NGL Ventures such as page views, time on site, number of visitors, etc;

- Unique identifiers and similar tracking technologies: We may use other tracking technologies to administer the Services, track your movements around the Services, analyze trends, track behavior, serve targeted advertisements and gather demographic information, to measure the performance of our email campaigns and to improve our features for specific segments of Customers.

5.3. Log Data monitoring: we may collect log data whenever you access our tool. This data could include things like an IP address, browser type and version, the pages you visit on NGL Ventures and other user statistics. When you access NGL Ventures with a mobile device, log data may include the type of device, your mobile unique ID, the IP address of your device, mobile operating system and other mobile statistics.

5.4. Third-party services: we may use third-party services, such as Google Analytics and Facebook, that collect and analyze log data to help us improve NGL Ventures, and occasionally for targeted online advertising. Our third-party partners may use cookies or other tracking technologies to provide you with advertising on other sites based on your browsing activities and interests. You can find more information about these practices, including how to opt-out of receiving targeted advertising here: http://www.aboutads.info/choices/.

5.5. Based on the requirements of the California Online Privacy Protection Act, NGL Ventures declares that it does not correspond to Do Not Track browser signals.

6. Transferring to third-party companies

6.1. We will never sell, rent, or lease your Personal Data to a third party, but we may share collected information for the purposes described in this Privacy Policy with third-parties that help NGL Ventures provide, improve, promote or support Services, that help with our business operations and assist in the delivery of our Services, or who are performing services for us, in order to prevent damage to our property or for safety reasons, for example, payment processors, hosting services, analytics, content delivery services, advertising partners, etc., in a manner that is consistent with this Privacy Policy. We may also share information with third parties if required to do so by law or if you violate our Terms.

6.2. We may disclose Non-Personal Data for any purpose because this information cannot be used to identify you or another person.

7. Email communications & opting out

7.1. From time to time you may receive emails from us related to your use of NGL Ventures. Based on the Personal Data that you provide us with, we may communicate with you in response to your inquiries to provide the Services you request and to manage your account. We may also use your Personal Data to send you updates and other promotional communications. Every email will contain a link to be able to opt-out of receiving it. We may still send important messages regarding administrative matters, updates, disputes, and customer service issues that are required to provide the Services.

7.2. If a Data Subject no longer wants to be contacted by one of our Customers, he can unsubscribe directly from that Customers’ newsletter or contact the Customer directly to update or delete the data. If a Data Subject contacts us, we will refer him to that Customer. We will retain personal information we Process on behalf of our Customers only for as long as needed to provide our Services or to comply with our obligations.

8. Safety of your information

8.1. NGL Ventures takes reasonable precautions, technical and organizational security measures to ensure a level of security appropriate to the risk, follows industry best practices in order to protect your Personal Data from any unauthorized or unlawful breach of security that leads to the accidental or unlawful destruction, loss, alteration, unauthorized disclosure of or access to Personal Data and to preserve the security and confidentiality of the data. However, these measures do not guarantee that your information will not be accessed, disclosed, altered or destroyed by breach of such precautions. By using our Service, you acknowledge that you understand and agree to assume these risks.

8.2. The Customer is responsible for reviewing the information made available by NGL Ventures relating to its data security and making an independent determination as to whether the Services meet the Customer’s requirements and legal obligations under Data Protection Laws. Also, the Customer is responsible for its secure use of the Services, including securing its account authentication credentials, protecting the security of Personal Data when in transit to and from the Services and taking any appropriate steps to securely encrypt or backup any Personal Data uploaded to the Services.

9. Protecting Data Subject’s content and data

9.1. We reserve the right to monitor your content from time to time to make sure they comply with our Terms.

9.2. Our data storage center is in the European Union and has an information storage security certificate (ISO 27001) so you can rest assured that Personal Data transferred to us is safe.

10. Links to other websites

As part of the Service, we may provide links to or compatibility with other websites or applications. However, we are not responsible for the privacy practices employed by those websites or the information or content they contain. This Privacy Policy applies solely to information collected by us through the Service. Therefore, this Privacy Policy does not apply to your use of a third-party website accessed by selecting a link via our Service. To the extent that you access or use the Service through or on another website or application, then the privacy policy of that other website or application will apply to your access or use of that site or application. We encourage our users to read the privacy statements of other websites before proceeding to use them.

11. Age of consent

By using the Service, you confirm that you are at least 18 years of age. The Service is intended for general audiences and is not directed to children under 18. We do not knowingly collect personal information from children under 18.

12. Merger or acquisition

In the event we undergo a business transaction such as a merger, acquisition by another company, or sale of all or a portion of our assets, your Personal Data may be among the assets transferred. You acknowledge and consent that such transfers may occur and are permitted by this Privacy Policy, and that any acquirer of our assets may continue to Process your Personal Data as set forth in this Privacy Policy.

13. NGL Ventures as a Controller

NGL Ventures acts as a Controller of Personal Data of the Customer, its employees, contractors, candidates, affiliates and other third parties that are not considered as a Customer. NGL Ventures undertakes to comply with legal requirements when processing Personal Data as a Controller and implements appropriate technical and organizational measures to ensure a level of security of Personal Data as required under GDPR and applicable Data Protection Laws.

Please note that if you are a California resident, you have certain rights granted to you under the California Consumer Privacy Act of 2018 (“CCPA”) regarding NGL Ventures collection, use, and sharing of your personal information. If you are a Nevada resident, you have certain rights granted to you under the Nevada law (SB 220) regarding NGL Ventures collection, use, and sharing of your personal information.
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14. Changes

NGL Ventures reserves the right to change this Privacy Policy at any time. If we decide to change this Privacy Policy, we will post these changes on this page so that you are always aware of what information we collect, how we use it, and under what circumstances we disclose it. All changes are effective immediately upon posting them on our website and we suggest that you check this Privacy Policy periodically if you are concerned about how your information is used. If you continue using our Services and website after we implement any changes to the Privacy Policy, it will be assumed that you agree with those changes.
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15. Contacting NGL Ventures to Exercise Your Rights

Please contact us at any time via email at info@ngl.vc if you:
- would like to request access to information we hold about you, correct, modify, delete, update or transfer Personal Data that you have provided to us, or
- have any questions regarding this Privacy Policy or the practices of this site, wish to withdraw your consent for the continued collection, would like to object to your Personal Data being used, or have any additional questions.